NexGen Energy (TSE:NXE) Stock Price Expected to Rise, Scotiabank Analyst Says

NexGen Energy (TSE:NXE) had its price target boosted by Scotiabank from C$12.75 to C$14.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada dropped their target price on shares of NexGen Energy from C$11.00 to C$10.00 and set an “outperform” rating for the company in a report on Monday, August 12th. National Bankshares lifted their price objective on NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Ventum Financial increased their target price on NexGen Energy from C$12.00 to C$14.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. National Bank Financial raised NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Cormark reduced their price target on shares of NexGen Energy from C$13.75 to C$13.00 in a research report on Friday, August 2nd. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, NexGen Energy presently has an average rating of “Buy” and a consensus target price of C$14.42.

NexGen Energy Stock Performance

TSE NXE opened at C$12.42 on Wednesday. The stock has a market cap of C$7.01 billion, a PE ratio of 73.06 and a beta of 1.76. NexGen Energy has a twelve month low of C$7.04 and a twelve month high of C$12.51. The stock has a fifty day simple moving average of C$9.77 and a 200-day simple moving average of C$9.49. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09.

NexGen Energy (TSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported C($0.05) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.01). During the same period in the prior year, the firm earned ($0.03) EPS. Equities analysts anticipate that NexGen Energy will post -0.07 earnings per share for the current year.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.